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GAO-02-167R 1 (2001-10-25)

handle is hein.gao/gaobadwfr0001 and id is 1 raw text is: im Accountability * Integrity * Reliability United States General Accounting Office Washington, DC 20548 B-289153 October 25, 2001 The Honorable Ernest F. Hollings Chairman The Honorable John McCain Ranking Minority Member Committee on Commerce, Science, and Transportation United States Senate The Honorable Don Young Chairman The Honorable James L. Oberstar Ranking Minority Member Committee on Transportation and Infrastructure House of Representatives Subject: Office of Management and Budget: Regulations for Air Carrier Guarantee Loan Program Under Section 101(a)(1) of the Air TransDortation Safety and System Stabilization Act Pursuant to section 801(a) (2) (A) of title 5, United States Code, this is our report on a major rule promulgated by the Office of Management and Budget (OMB), entitled Regulations for Air Carrier Guarantee Loan Program Under Section 101(a)(1) of the Air Transportation Safety and System Stabilization Act (14 CFR Chapter VI and Part 1300). We received the rule on October 9, 2001. It was published in the Federal Register as a final rule on October 12, 2001. 66 Fed. Reg. 52270. The final rule sets forth the procedures for applications and minimum requirements for the issuance of federal credit instruments under section 101(a)(1) of the Air Transportation Safety and System Stabilization Act (ATSSSA). The purpose of these federal credit instruments is to assist air carriers who suffered losses due to the terrorist attacks on September 11, 2001, and to whom credit is not otherwise reasonably available, in order to facilitate a safe, efficient, and viable commercial aviation system in the United States. Enclosed is our assessment of OMB's compliance with the procedural steps required by section 801(a)(1)(B)(i) through (iv) of title 5 with respect to the rule. Our review indicates that OMB complied with the applicable requirements. GAO-02-167R

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